The Mission Marketing Group PLC Trading Update, Growth Shares & Notice of Results (4954U)

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RNS Number : 4954U

The Mission Marketing Group PLC

19 January 2017

The Mission Marketing Group plc

Trading update, growth shares and notice of results

The Mission Marketing Group plc ('the mission(tm) ' or "the Company", AIM: TMMG), the marketing communications and advertising group, today issues a trading update for the year ended 31 December 2016.

We are pleased to report that the mission(tm) has again experienced a strong second half, and accordingly the Company expects 2016 to be a year of further growth, both in terms of operating income ("revenue") and profitability. Headline profit before tax for the year to 31 December is expected to be 8% higher, at GBP7.0m.

The Company's balance sheet remains strong and, despite settling over GBP3m of acquisition obligations during the year, gearing and debt leverage ratios are expected to be lower than those of 2015 and comfortably within the Board's target.

Headline profits are calculated before acquisition adjustments, losses from start-up activities and exceptional restructuring costs, if any. These adjustments are expected to be at a similar level to 2015, when they totalled GBP1.3m.

The Board remains committed to increasing shareholder value and intends to launch a growth share scheme later this quarter to incentivise board and operational management.

The Company expects to announce its preliminary results on 23 March 2017.

David Morgan, Chairman, commented: "Despite 2016 being a challenging year, we are delighted with another strong second half which once again allows us to start the new year with confidence. We look forward to further progress in 2017 and beyond."

 
 Enquiries: 
 The Mission Marketing Group 
  plc                                020 7462 1415 
 David Morgan, Executive Chairman 
  Peter Fitzwilliam, Finance 
  Director 
 
 finnCap Limited                     020 7220 0500 
 Geoff Nash/James Thompson 
  (Corporate Finance) 
  Stephen Norcross (Corporate 
  Broking) 
 

the mission(tm) is a network of entrepreneurial marketing communications Agencies employing over 950 people in the UK, Asia and San Francisco. The Group comprises a complementary mix of integrated generalists, specialists in specific marketing/communications activities and specialists in particular market sectors, all providing award-winning solutions to national and international Clients.

www.themission.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

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January 19, 2017 02:00 ET (07:00 GMT)